PegNet is bitcoin among stablecoins

Kristine Thomassen
4 min readDec 27, 2020

PegNet is a decentralized stablecoin network. It consists of pAssets and PEG, where PEG is PegNet’s free floating native token. A pAsset is a pegged asset, and those can be pegged Ether (pETH), pegged Gold (pGLD) or pegged USD (pUSD), just to give you a few examples.

pAssets are so-called synthetic assets, which prices reflect — and are an average of — the prices you can find on DEXes, CEXes, Coingecko etc. The role of the miners in PegNet is to simply publish price records, which they have obtained using APIs of their choice.

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